Coalition Of Individual Bondholders Demand Payment Of Matured Bonds

A coalition of individual bondholder groups has called on the Finance Minister to pay all outstanding matured bonds not included under the domestic debt exchange programme (DDEP).

The Minister of Finance, Ken Ofori-Atta, assured that all coupon and principal payments that matured on the 6th and 20th of February would be honoured after Tuesday, February 21, 2023.

A week after the date announced by Mr Ofor-Atta, bondholders have still not received their investments and want to know why.

A coalition member, Dr Adu Anane Antwi, said the finance minister has failed to communicate why their matured bonds have still not been paid despite his assurances.

“The only thing that the government has to do now is to pay. You recall the minister promised that the government was going to pay on the 21st…now we have about six days gone, and we are now on the 27th, and so we have to come, and we haven’t heard a word from the minister as to why those payments haven’t been made,” Dr Adu Anane told Citi News.

The coalition comprises the Pensioner Bondholders Forum, the Individual Bondholders Association of Ghana and the Individual Bondholders Forum.

They are calling on the Finance Ministry to demand the payment of their matured bonds immediately.